Perimeter Solutions, SA (NYSE:PRM) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in Perimeter Solutions, SA (NYSE:PRM - Free Report) by 40.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,592 shares of the company's stock after purchasing an additional 34,057 shares during the period. Franklin Resources Inc. owned about 0.08% of Perimeter Solutions worth $1,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McAdam LLC bought a new stake in shares of Perimeter Solutions in the fourth quarter worth $131,000. Orion Portfolio Solutions LLC acquired a new position in Perimeter Solutions during the 3rd quarter worth $138,000. Cibc World Markets Corp bought a new stake in shares of Perimeter Solutions in the 4th quarter worth about $160,000. Lingohr Asset Management GmbH acquired a new stake in shares of Perimeter Solutions in the 4th quarter valued at about $203,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Perimeter Solutions during the fourth quarter worth about $227,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Vivek Raj sold 250,000 shares of Perimeter Solutions stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $9.17, for a total transaction of $2,292,500.00. Following the sale, the director now owns 471,226 shares of the company's stock, valued at approximately $4,321,142.42. The trade was a 34.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.70% of the company's stock.

Perimeter Solutions Stock Performance

Shares of NYSE:PRM traded down $0.10 on Friday, reaching $9.81. 783,146 shares of the company's stock were exchanged, compared to its average volume of 912,756. The business's 50-day moving average is $9.99 and its two-hundred day moving average is $11.91. The company has a quick ratio of 2.95, a current ratio of 3.91 and a debt-to-equity ratio of 0.67. Perimeter Solutions, SA has a fifty-two week low of $6.84 and a fifty-two week high of $14.44. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -70.04 and a beta of 1.88.

Perimeter Solutions (NYSE:PRM - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.21. Perimeter Solutions had a negative net margin of 1.05% and a negative return on equity of 7.62%. The firm had revenue of $86.23 million for the quarter, compared to analyst estimates of $77.01 million. As a group, equities research analysts forecast that Perimeter Solutions, SA will post 0.71 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group raised Perimeter Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price objective for the company in a report on Wednesday, March 26th.

About Perimeter Solutions

Perimeter Solutions, SA manufactures and supplies firefighting products and lubricant additives in the United States, Germany, and internationally. It operates in two segments, Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services for federal, state, provincial, local/municipal, and commercial customers.